KVUE

Underperforming without a clear catalyst yet

• KVUE −0.12% on the last session vs SPY +0.74%: −0.9 pts of stock-specific move.
• Aftermath, crossed below 200-day avg (Oct 1): After its 8 crosses below the 200-day average in the past 5 years, KVUE typically lost 1.2% over the next day (median) and was higher only 38% of the time; half the outcomes fell between -2.3% and +0.3%. An ordinary day: -0.0%. Among S&P 500 stocks after crosses below the 200-day average, that ranks #389 of 497.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.